Archer Daniels Midland Company $ADM Shares Sold by Howard Capital Management LLC

Key Points

• Howard Capital Management cut its Archer Daniels Midland stake by 93% in the third quarter, selling 40,158 shares and retaining 3,021 shares valued at approximately $240,000.
• Institutional ownership remains substantial at 78.28%, with several major firms—including BlackRock, Bank of New York Mellon and Legal & General—establishing new positions during the second quarter.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $79.83. ADM reported quarterly EPS of $1.84, exceeding estimates, and maintains a $2.08 annualized dividend yielding about 2.5%.

Howard Capital Management LLC lowered its position in shares of Archer Daniels Midland Company (NYSE:ADM - Free Report) by 93.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,021 shares of the company's stock after selling 40,158 shares during the period. Howard Capital Management LLC's holdings in Archer Daniels Midland were worth $240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in Archer Daniels Midland during the 2nd quarter worth $3,409,089,000. Bank of New York Mellon Corp acquired a new position in Archer Daniels Midland in the second quarter valued at $257,394,000. Legal & General Group Plc acquired a new position in Archer Daniels Midland in the second quarter valued at $198,233,000. Bank of America Corp DE purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at about $180,096,000. Finally, Deutsche Bank AG purchased a new stake in shares of Archer Daniels Midland in the second quarter valued at about $178,087,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ADM shares. Jefferies Financial Group raised Archer Daniels Midland to a "hold" rating in a report on Tuesday, September 29th. JPMorgan Chase & Co. dropped their price target on Archer Daniels Midland from $77.00 to $75.00 and set an "underweight" rating on the stock in a research report on Monday, October 12th. Weiss Ratings raised Archer Daniels Midland from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Zacks Research cut Archer Daniels Midland from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Finally, Wall Street Zen cut Archer Daniels Midland from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 10th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Archer Daniels Midland presently has a consensus rating of "Hold" and a consensus target price of $79.83.

Archer Daniels Midland Stock Down 0.6%

Shares of NYSE ADM opened at $82.47 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.39 and a debt-to-equity ratio of 0.27. Archer Daniels Midland Company has a 52 week low of $55.58 and a 52 week high of $88.75. The firm has a 50-day moving average price of $82.36 and a 200 day moving average price of $79.21. The stock has a market capitalization of $39.74 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.35. Archer Daniels Midland had a net margin of 2.16% and a return on equity of 9.21%. The firm had revenue of $22.68 billion for the quarter, compared to the consensus estimate of $22.75 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm's revenue was up 7.2% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 5.150-5.600 EPS. Equities research analysts anticipate that Archer Daniels Midland Company will post 5.50 EPS for the current fiscal year.

Archer Daniels Midland Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.08 annualized dividend and a dividend yield of 2.5%. Archer Daniels Midland's payout ratio is 56.99%.

Archer Daniels Midland Company Profile

Archer Daniels Midland Company NYSE: ADM is a global agricultural origination and processing company that converts crops and other plant-based materials into food, feed, fuel and industrial ingredients. The company sources, transports, stores and processes commodities such as corn, soybeans, wheat and oilseeds through an extensive network of elevators, processing facilities and transportation assets.

ADM's businesses include agricultural services and oilseeds, carbohydrate solutions, and nutrition.

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